Wyoming Senator Cynthia Lummis spoke at the Bitcoin 2024 conference and announced a bill to purchase 1 million BTC for the US balance sheet, representing 5% of the total supply of the asset.

“Creating a strategic bitcoin reserve will firmly establish the dollar’s position as the world’s reserve currency in the 21st century and ensure that we remain a global leader in financial innovation,” the official said.

The bill is expected to be introduced “in the coming days.”

That’s not bad news, is it? With all the attention on BTC, I think there’s a good chance that the US could accumulate 5 to 15% of the total BTC supply in +- 5 years.